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Article: Aqua America Net Income Up 15 Percent for Q2.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- August 22, 2009
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Aqua America, Inc. (NYSE:WTR) reported results for the quarter ending June 30, 2009. Net income for the quarter rose to $25.9 million from $22.6 million in 2008, an increase of 15 percent. Revenues for the quarter rose 11 percent to $167.3 million from $150.8 million in 2008. Corresponding diluted earnings per share for the year were $0.19, compared to $0.17 for 2008 on 1.4 percent more shares outstanding.
For the six months ending June 30, 2009, net income increased 20 percent to $44.2 million from $36.9 million and corresponding diluted earnings per share increased 18 percent to $0.33 from $0.28 for the same period last year. Operating revenues for the first ...